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obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging support from young people. because the obama care website is in such bad shape, the government now has offered to bail out insurance company profit and losses, and in a possible second bailout, provide the insurers with guest estimates of health care subsidies. this whole story has gone haywire. all right? all of this and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern, 4:00 pacific. president obama tries everything we can to get the attention away from the obama care, an
to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a bad product. its health plans cost more, provide less service and choice and it's a budget-buster for washington. you can bet this will be the number one issue of the 2014 elections and beyond. >>> as we begin the holiday season, we pay extra attention to pope francis' criticism of capitalism. his apparent view that the state will solve the problems of poverty, not the market. i must say, with the greatest of humility as a devout catholic, i completely disagree with his holiness. all those stories and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the ku
redemption and grace was noted by president bush and obama tonight. in no wise young woman i know add this to say. i've got a lot of work to do. i do, too. that's my "2 cents more." thank you for joiniig us tonight. ♪ lou: of the nation's largest unions bankrolling in organizing a protest that they tried to promote as a fast-food working strike an attempt to double the minimum wage to a fast-food workers raising their pay to $15 an hour. tonight we will have the story of how much the liberal media decided, is certainly no better, to take the service employees international union's dramatic but phony strike story and run with it. there were quite a few. i'm lou dobbs. ♪ good evening, everybody. the ser us staging protests and demonstrations in major cities all across the country, organizers rallying off to the fast-food workers trying to posture the day's events as an nationwide strike. all motivated by an organized labor goal of unionizing the nearly 4 million americans who work in fast-food restaurants. all of the events were built by the union as a strike and a walkout. but
-the president obama raise their wages during an executive order. again, several confirming there were at even schedule to work today. the president of the service employees union told the associated press and the new york times the union has spent several million dollars the underwrite the fast-food protest including the hiring o a public relations firm to help frame the event as a massalkout and strike. some of the few confirmed fast-food workers at any of these events took issue with the corporate end of fast food. they blame their low pay on corporate greed when in reality over 80 percent of the u.s.-based mcdonald's reaurants are privately owned franchises. >> these fast food companies knowhat the time has come to pay their workers a living wage and the rht to form a union. we will no longer tolerate our brothers and sisters, friends and neighbors here retaliate against us for speaking against our nation wages. >> they still did not make more than $9 an hour. >> no one shall live in poverty. >> i would definitely support these workers, but private corporations should also raise wages. are
by $15 billion. maybe enhance their credibility. but the bad news for obama care is rolling in. the website is posting an abysmal failure rate when it comes to reporting enrollment and payments to insurance companies. it's still at a very high 10% and was just recently at an alarming 25% and you know what? it ought to be zero. and speaking of insurance companies are they getting bailed out like the banks? it sure looks like it. 65% of americans by the way are totally opposed to it. all those stories, much more coming up on "the kudlow report" beginning right now. good news is good news today. big jobs, big stock rallies. we have all the details. good evening. >> larry, plenty expecting a non-farm payroll report, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had
an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- dow jones industrials rose nearly 200 points on the date snapping a 5-day losing streak and now back above 16,000. the s&p snapped its own five day losing streak today, up 20 points, moving back over 1800. and the nas
will try to get back to him as soon as we can. president obama praising his achievements saying he served as an example for himself and many others. and nifty his fierce and unbending will do sacrifice his own freedom for the freedom of others, he transformed south africa and moved all of us. his journey from a resin or to a the promisebodied that human beings and countries can change for the better. his commitment to transfer power and reconcile with those who jailed him set an example that all humanity should aspire to. >> bloomberg's kathleen hunter joins us from washington with more reaction. what are we hearing from the white house at this hour? >> from the speech we saw from president obama, the comments he made, one of the most striking was when the president talked about his own influence, the influence it had on his own life from nelson mandela specifically hisrencing the fact that first political act, his first act of political activism dating back to 1981 was when he helped lead and make a speech at an anti-apartheid rally at occidental college. 19-year-old barack obama with th
mandela. president obama and first lady michelle obama departed on air force one just a short time ago. tomorrow's memorial service will also serve as a rare reunion for nearly all of the living american presidents. >>> kpix5cate courigan is in the news room. a real security challenge. >> reporter: 8000 mourners are expected to attend the memorial and authorities say thousands of police officers will be on hand. right now, a memorial outside of mandela's former home is growing as well as a crowd of south africa's that have come together since the death. >> police are preparing today for a memorial service for nelson mandela at a johannesburg soccer stadium. president obama leaves this morning for south africa where he'll attend the massive public memorial. former president's bush, clinton and carter will also be in attendance along with more than 50 heads of state, making it one of the largest gatherings of world leaders in recent history. >> this is a test for us. >> reporter: the head of south africa's national defense force says the country is prepared for the challenge of equipping
that the jobs reports showed steady broad-based growth that would pick up if only they would act on obama's proposal for immigration reform. republicans on the budget conference committee consider letting this through. >> we recognize that when employment -- unemployment is at this level that we should help the long-term unemployed. 1.3 million people will have a lump of coal in their stockings if we don't do this. >> the date to watch there is december 28. before that, they meet on december 17 and 18. a growing number of economists surveyed by bloomberg say that policymakers will decide to taper. that number doubled from 17% to 34% after today's strong jobs report. still in the lead, not by much. they are putting the december taper at 50%. >> the. for more of the november jobs numbers we will take a look at our chief economist. welcome back. good to see you again. is this evidence of a sustainable economic recovery in the u.s.? >> how can it not be sustainable? we are almost four years into this. when it comes out these headlines am a and they are saying, well, maybe we will taper in a f
is live with much more. how is this re-introduction of obama care going so far, brianna? >> reporter: the white house seems to think it's going well so far. but they also acknowledge the real proof is going to be in the december enrollment numbers. that's really their focus now that they're turning the page from the troubled website. >> one road block down, partially anyway. but the path ahead is still uphill. >> every day i check to make sure that it's working better. and, you know, we've learned not to make wild promises about how perfectly smooth it's going to be at all times. >> reporter: president obama kicking off another push to sell his signature health care law to a skeptical public. >> i need you to spread the word about the law, about its benefits, about its protections, about how folks can sign up. tell your friends, tell your family. >> reporter: as the white house spends the next three weeks trying to convince americans there's more to obama care than the fumbled rollout, a powerful ally talked to cnn espanol. >> i don't think you can find anybody harder that went out o
. that is how the main obama care website fixer upper described the difference between now and when it launched back on october 1st. jeff saying in a conference call on sunday the website now works smoothly for the vast majority of users. >> after clearinging through fewer than a hundred bucks through the month of october, the speed has more than tripled with more than 400 bugs fiched and eliminating critical glitches and making experience to the consumer experience better throughout the site. >> the administration says the obama care site can handle as many as 50,000 concurrent users and 800,000 consumer visits during the day. >>> they say the terror threat in the united states is growing. democratic senator dianne feinstein and mike rogers share that view. both said changing tactics and improving weapons make it harder right now to warn the war on terror. >> are we safer now than we were a year ago, two years ago in general? >> i don't think so. i think terror is up worldwide. the statistics indicate that. the fatalities are way up. the numbers are way up. there are new b
's, yum brands and others calling on companies to increase employee play. obama jumped in. he said they work their tales off and live barely above poverty. $10:10 support a minimum wage. they want $15. >> they want $15 minimum for any worker. >> think about this. if you had any relative that was working negligence a full-time job, one of these jobs, would you want them making that wage. >> the average wage is about $8.9 in these places. you are looking at $16,000 or $17,000 a year to make a living. nobody can make a living at that rate. >> if we all agree it is not going to hurt the economy to raise the minimum wage, why don't we raise it to $50? that is a much better idea. >> hang on. hang on. >> let's mac it $500. >> remember this. it is true if people make more, they are going to spend more, but it also means prices are going up. those dollar meals at mcdonald's, they won't be a dollar anymore. >> that is the rhetoric, but we don't know that is the reality. >> if you owned a small business, and you were going to pay someone $50 an hour, and i am just throwing that out there ver
i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short honeymoon for her. >> thank you very much. sue? >> ty, president obama speaking today about the wealth gap in the united states. should the wealthy worry? part of the story is how you the american taxpayer is now paying to keep many lower-level banking employees afloat while the executives make much better money and the pope has weighed in on all of this as well. talking about major and possible chang
obama as well as two former presidents, clinton and bush, as well as their wives will be in attendance. they will be joined with the leaders of at least a dozen other countries and more are continuing to join. >> but here, this guy was the greatest. >> reporter: on sunday, thousands packed places of worship in pretoria and soweto. different creeds and colors honoring the same man as father. >> this is a special mass for mr. mandela. >> reporter: tears and keers capturing the love for father as south africans called mandela. the greatest memorial may be the faces, black and white together, parents bring children who will live a life madiba made possible. >> they were born free in south africa. they experience all the fruit. >> reporter: which pride and legacy, there is also lochlts one man has mandela's image on his car and says he hasn't been able to sleep or eat sense he heard the news. >> how can i live without madiba? i'm so sad. >> reporter: the long good bye will continue all week, adding to the legend and legacy of nelson mandela. you know on friday they had a ceremony for nelson
. >>> meanwhile, the obama administration met its self-imposed deadline to have the government website back on track and running smoothly for the vast majority of users next month, but despite that, there are numbers still plaguing the use a useers. >> reporter: jakim says it has been a lot easier to enroll people for the health care insurance than last month. >> a couple of weeks ago you couldn't do anything. >> reporter: last week he was able to help people apply and shop all in one sitting. >> people came in, and in half an hour, they found insurance. >> reporter: not so today. although the obama administration says it more than doubled the capacity of the insurance marketplace to handle 50,000 users at a time, after five weeks of trouble shooting. by late are morning, more than 375,000 people had gone into the site, landing in a virtual waiting room that holds their place in an on-line queue. but if the front end remains slow, the insurers say the big problem is the back end of the marketplace, the actual planned enrollment system continues to generate faulty information. >> the health
. that was barack obama in january of 2008. we have a chart of electricity prices right now if we can. they are right now believe it or not at all time highs. people and not talking about it but they will soon. interestingly at the end of the day the epa a cash am out with an announcement that they will be flexible on these new rules and will give states greater with respect to this stuff. going higher and higher and other things going on in the economy, maybe they will pull back a little bit and that will be good for these coal companies particularly natural resources, today it is a 75% even before this news i thought they were turning the corner, they weather the storm. next year fiscal year the consensus is the will make $2.03, two month ago the consensus was $1.25, wall street is coming around to the idea that the bottom line which we know a lot of that was cost savings and things like that but maybe they weathered the storm. this stock is off to the races. lori: what about the fundamentals, the seasonality, the supply, the potential for further exploration of other energy sources
never been stronger. >> here we go. fire up the political spin machine. president obama kicks off a three-week speaking campaign and starts today in washington. with an approval rating at all-time lows, today you will see a push for income equality. and there will be more damage control on obamacare, too. the left is seizing on the equality issue, demanding higher wages by legislation. the d.c. city council just approved an increase in the minimum wage to 11.50 an hour eventually, one of the highest in the nation. tomorrow, fast food workers demanding better wages, too, $15 an hour. all of this as wal-mart opens its first two stores in d.c. today. 600 people hired, more than 23,000 applied for those jobs. the d.c. city council wanted to keep wal-mart out. come january, extended jobless benefits fob for 1.3 million people expire, no more government checks. will the democrats fight to keep the money flowing? good questions. we've got other headlines. former tyco chief dennis kozlowski is in prison for improper use of money. rightly or 0 wrongly, he was the poster boy for corporate g
or later matter at this point in the game? >>> countdown to a budget deal. the future of obama care, we'll put the topics on the table for senator ron johnson of wisconsin who will be visiting us in studio today. >>> "squawk" goes shopping. we're going to find out if more consumers are starting to hit the mall. "squawk box" begins right now. >> good morning. welcome back to "squawk box." i'm andrew ross sorkin along with becky quick and joe kernan. the new american airlines group begins trading today under the the tickle -- ticker -- >> tickle? >> tickle me elmo. the merger between american airlines -- >> that's freudian. i'm going to come over and tickle you. >> closes this morning after a last-ditch appeal by consumer groups to delay the deal was denied by the supreme court. i'm sorry about that one. and the ceo of the combined airline, doug parker's going to join us next hour right here on "squawk box." and we're going to talk to him all about this tickling deal. >>> dow component mcdonald's will be a stock to watch. reporting november sales in about an hour from now. analysts survey
air. more on the temperatures in a couple of minutes. >> thank you. president obama says the american dream is threatened by a growing gap between the nations rich and poor. at a speech at the center for american progress, president obama said he'd devote the rest of his term to addressing income and equality he calls it the defining challenge of our time. >> the idea that a child may never escape that poverty because she lacks a dicent education or health care or a community that views her future as their own, that should affect all of us. >> it should compel us to action. we are a better country. let me repeat. the combined trends of inceffed inequality pose a fundamental effect. >> republicans were quick to cit size of president's remarks. the income gap is caused by policies claiming that the affordable care act and tougher business regulations encourage company depends on the government. the statistics are telling. from 2009 to 2012 the average engine from the top 1% of earners increased 31%. incomes for the rest of the nation's workers rose by one half of one%. >> thousands of f
and leaders including president obama and three former u.s. presidents expected to attend tuesday's memorial service for the late south african president. >> and a crime was never committed and we stood by that. >> reporter: the san antonio four speaking out, released after 16 years behind bars for a crime they have always maintained they did not commit. ♪ the deep freeze is on, wintry weather and cold temperatures reach the east coast. the weather is disrupting travel nationwide and made some sunday nfl games almost impossible to see. good morning and welcome to al jazeera america, i'm stephanie sy and the storm caused car pile ups in several states and accidents on the pennsylvania turnpike sunday involved almost 60 video as and this shows the long line of cars that came to a halt in morgan town, pennsylvania and we are tracking the storm. what is the latest? >> all of that snow and wind, it is still with us and we are going to continue to see it taking its toll and creating very dangerous driving conditions over much of the country and if you booked a flight you might want to call ahea
when that was announced as well. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've just joined us state side, welcome to the start of your global trading week here on cnbc. we snapped eight
member nelson mandela. over 9040 entries honoring the resident including barack obama expected to speak at the ceremony and former president george to be bush, bill clinton and jimmy carter. sanitary of defense chuck hagel meeting with prime minister earlier today. the two discussing the use of u.s. drones against militants in pakistan's remote areas, something that has been a contention between the two nations. the visit marks the first by pentagon chief and almost four years. and disgraced former san diego mayor bob filner will learn his fate today. the 71-year-old faces sentencing on multiple charges that he sexually harassed more than a dozen women during his time in office. he pleaded guilty back in october. those are your headlines. back to dagen and connell. connell: thanks. dagen: time to make with charles payne. there's our delving into the home improvement industry. dagen: by the way, a great, fun guy, but a huge obama supporter a little bit like oil and water there. but the company itself in my mind one of these names that has been tremendous for us this year. we got out but
mandela. 94 dignitaries expected to honor the deceased peacemaker including president barack obama and former president george w. bush. bill clinton and jimmy carter. nasty winter weather continuing to pound the east coast, snow, ice and freezing rain responsible for some 3200 flight cancellations yesterday. another 1300 today according to flight aware. dumping snow from west virginia as far east to new jersey. three new inductees into the baseball hall of fame today. major league managers joe torre, tony larissa and bobby cox elected to enter the hall in cooperstown, new york. the three managers winning eight world series championships. induction ceremonies will be held july 27. those are your headlines, now back to lori and adam. lori: we are continuing with our wish list theories with a sweet treat for you today. the co-owner of edwards chocolatier. bring them look at during this holiday season. welcome to you. do you do your highest volume of sales this time of year? >> yes, that is right. many do their biggest volume this time of year, december everybody is out there willing t
firm that did obama care. that's the one that they're using for -- you know, i hear my mother saying, you could put an eye out with that. you could put an eye out with one of these things, couldn't you? >> the place where you -- it would be way far away from everything. the place they're using it are where you're getting most orders, manhattan. that's insane. >> i've said that let's say we get the biggest business guest in the world, who is it? is it warren buffet, is it bill gates? >> right. right. >> our biggest business guest is not charlie sheen, is not as good as a d level lindsay lohan. >> right. >> so when d-- >> in terms of eye balls? >> yes. so when "60 minutes" decides to go slumming into our realm where they're doing business people. they get meredith whitney, she says the world is going to end. they need something big. jeff, we're thinking about putting you on. what have you got? >> give us something. >> yeah. >> i think laura logan said, hey, buddy, you were there. what's the biggest thing you've got? maybe that didn't happen n. this case i think they ask him, bezos, wha
. >>> other headlines. eight major tech companies are urging the obama administration to set surveillance. in a letter signed by apple and google and microsoft and others the companies say the government needs to better balance security needs and privacy concerns. and they want the u.s. to adopt reforms, including clear limits on spying. >>> the senate is back in session today for the first time since the democrats went nuclear blowing up the rules over filibusters. on a defense spending bill before the holiday break in two weeks, it is not clear if republicans might turn to other procedural moves to try to slow down the democrats and getting some of the stuff through. >>> in the meantime, we could see a federal budget before the week is out. house and senate negotiators are set to close a budget deal the first in two years. . "the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end
with administrations on both sides of the aisle. obama,sident barack mandela was a strong political and personal influence. he paid tribute last night. i am joined by the former ambassador to south africa under president george bush who worked with mandela. also with us is bloomberg political analyst matthew dowd. rick to have you with us. ambassador, -- >> -- great to have you with us. ambassador, let me start with you. tell us about what your meetings were like with him. >> the thing that really struck me was his level of graciousness and humility. he was not a big man, but he was larger than life in my eyes, and he struck me as a gentle soul. he offered me a tremendous level of encouragement, and he was very positive in terms of the interactions between me and him, and also felt that we had the opportunity to continue to strengthen the relationship between both south africa and the united states. >> matthew dowd, i want to play one part of the president's tribute to nelson mandela, where he was really emotional talking about his influence on him. >> we have lost one of the most influential, c
not only how obama care will eventually be phased in or whether it will be phased in at all, but what i'm interested in as a market guy is we're talking about 1/6 of the economy. whether you're for it or against it or you believe it's going to work or not going to work, in the end it's 1/6 of the economy, we're the world's leading business channel and it's in our wheelhouse. but one thing that seems to be going on today in it can that is not getting a lot of air time that i find rather fascinating is that the house judiciary committee is holding hearings and they're holding hearings on something rather, i don't know, maybe call it esoteric, maybe call it extreme but let's get to the crux of the matter and i'll get there through an analogy. let's say when we saw at the end of last year that the payroll walked out in january and said basically, listen, i'm going to take a swath of those people whose taxes are going to go up on the payroll tax and i'm going to delay that for a year, would that fly? i don't know that it would fly. we have a constitution and checks and balances. but let's ge
" bugs playing enrollment. if you listen to the obama administration, it's running fine, thank you very much. the paper reports if you signed up for a health care plan using the federal exchange there's a good chance you might not be actually enrolled. one third of the applications may contain errors that will prevent the applications from being processed. that's chaos. today the president begins a new push to highlight all that's good about obamacare. 2:30 eastern he speaks. time is money and headlines here they come. they're all tech related. and according to a new report we find out what the mystery google barges are for and that the barges will be retail locations to sell in market, google glass. three in total. travel up and down the east and west coast. on-line is king, cyber monday sales at amazon up 44% year over year, ebay up 32%. and big money on-line shopping. question, what happens to the malls now? apple makes a play on twitter, buying up a firm that analyzes tweets. how much? a cool $200 million. and ups says, it, too, is working on a drone delivery system.
: there's another lawsuit suing the obama administration, student employees in the coverage of birth control at the university of notre dame. we make of this? >> i think that's another major case. also to the hobby lobby case it is part of the supreme court. and i think that my prediction is that the justice department loses on this and the supreme court is going to look at is in a close vote and they are going to say that there is no justification for justification to the supreme court that companies have a first amendment right of political expression and what they have religious expression. i think that's going to be a problem for the justice department. gerri: right on obamacare, birth control is free. it's not just something you have to provide. it is also free. let's talk about businesses. the supreme court will hear the first amendment religious liberties law. you mention hobby lobby. will that go somewhere? >> i think that hobby lobby is going to win that case. because not only on the basis of the fact that the door is already broken open on the first amendment, recognizing l
the hour, i am arthel neville with your fox news minute. president obama and first lady michelle obama will travel to south africa next week to pay their respect to the memory of nelson mandela. the first democratically elected president of south africa died yesterday at age 95. a memorial service will be held on tuesday followed by burial on sunday. ice president joe biden says america's pledge to expand its asian footprint should not be doubted. u.s. says nearly 30,000 troops in south korea. 60 years after the end of the korean war. meeting with the president toward the end of a weeklong tour of asia aimed at reinforcing america's role as a pacific power. and a mural stenciled on the side of a gas station a british street artist known as angst he has fetched hundred $9000 at a beverly hills auction. was endless times says the nine by 8-foot work called "flower girl" was bought by an anonymous buyer. get you back to adam and cheryl. adam: wish i had that kind of money to buy anything. more than 60 monthly visitors, over $1 billion in revenue, and continues to grow at a rapid pace. our
. michelle obama's campaign to try to reduce obesity in a generation. what she says his focus on individual, focus on the family, and focus on the community. but she leaves government and the food industry out. now, anybody remember her very first speech after let's move was rolled out in 2010? it was to the grocery manufacturers association of america. and she pointed directly at them, just as i am to you right now, and said, this is your fault. you see this on youtube. this is your fault, and you have to come up with a solution. she never said it again. not once. why is that? why? she's been muzzled by her own administration because they do not want this fight. and i know they do not want this fight because they told me they do not want this fight. sam caste is michelle obama's personal chef and her point person to her obesity task force, and he told me after reading the new york times article, everyone including the president said they are in agreement and they will do nothing about it, not a wink, not a nod, because they have enough enemies. that is what this is about. and you'll notice
the lows. will we see this late day selloff? >> we are losing some altitude. president obama relaunching the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. st
dose of obama care failures and embarrassments keeps rolling on. yet president obama still holds another pep rally today for his ev ever faltering health care law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food
maxx? the story behind that stocks just ahead. >>> and after the bell, president obama entering the minimum wage debate a day ahead of a planned walkout by fast food workers. the president of white castle said such a move would hurt jobs. he'll join us after this. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx fo
." i'm jim cramer. see you tomorrow. >>> president obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a year. china raise about $2.5 billion in its ipo. it was set up in 1999 to deal with bad debt from chin
the obama administration touts dramatic progress. is the latest fix too little too late? lessons this hour. adam: and it is the ultimate symbol of success in the auto industry. we will introduce you to the man who created it. his prestigious award hair and the future he goes by dave. lori: a busy hour ahead. let's get things started. kicking off a newmont. 2%. some fall since december. this december we're off to a bit of a slower start. >> seeing the market not too far off the unchanged line. a lot of the traders still think that the trend remains to the upside. all three of the major averages have up arrows. around 1812, 1814. we were watching for that as well as in the meantime, higher at the moment, watching this treasury balance. that is a big deal. manufacturing data came a better than expected. the fed is going to us stop the bond buying and people selling of bonds quickly. new highs for great companies. goldman, 90, american express to microsoft ball hitting new highs . jo ling kent over there. 17158 is the height. 8653. and then i can't leave out nike. so those are the hi
. >>> president obama trying to generate support for the revamped rollout of the trouble plagued website saying the site is working well and warning critics that he will fight efforts to repeal the affordable care act. >> this law is working, and will work into the future. people want the financial stability of health insurance, and we're going to keep on working to fix whatever problems come up in any startup, any launch of a project this big that has an impact on 1/6th of our economy. whatever comes up, we're going to just fix it. >> administration released a new report showing that through that website nearly 1.5 million americans have now been found eligible for medicaid and that was during the month of october. >> still ahead on "nightly business report", we'll tell you about the company many are calling the big winner of black friday and cyber monday. >>> more numbers coming in for consumer spending over the long thanksgiving and black friday weekend. shopper track a provider of retail an lit ticks reports that sales rose 1% at brick and mortar stores during the four da
obama's speech today about the nation's growing income divide, but first, let's listen to this clip. >> the idea that a child may never be able to escape that poverty because she lacks a descent education or health care or a community that views her future as their own, that should offend all of us and compel us to action. we're a better country than this. >> so, john, what does the budget have to do with the speech the president gave today? >> well, the president has two goals. one -- the first is do no harm to the economy and if they can get a budget deal, avoid a shut down, that would meet the goal but longer term he has more protective things, raise the minimum wage and spend on education and he may not get those out of this congress but what he's hoping to do is plow the ground for future years, maybe future presidents to make progress on the priorities. >> i'm sure it will create heated debate. thanks for the update, john harwood from washington. >>> still ahead, how safe is your pension whether you work for a city, state or private company? >>> the price of oil moved higher f
maximum exposure. action.""insight & president obama on minimum wage and workers in fast food rants, quote, work their tales off and they're still barely living line.the poverty what's he talking about? 35 fact that 35 states, states in the u.s., 35 out of 50 states, this is a real problem, are actually paying more in benefits than you can make if 40-hour workweek at minimum wage. think of that. let me give you an example. florida. this. look at florida weekly jobless benefits, $521. all right? that's an hourly rate of $13.05 the minimum wage o of $7.79. it's incredible to think about that. you're actually better off, at least in the state of florida, not working and collecting your jobless benefits than working a wage that seems crazy. right? as though our priorities are completely backwards. it ought to be the other way around. that is why we've had protests yesterday in 100 cities, fast to get more trying money. so that creates a real issue as look at the restaurant stocks. right? because they may have to start paying more money, perhaps. did.s what we we tried to figure out who
, republicans want to talk about obama care, they want to talk about other issues. they think they can beat up on obama and the democrats and don't want to get bogged down by shutdowns and debt limit fights. there's no reason to think stocks are too high because washington's going to kill everything. >> and maybe it was set so low because it was on the floor. >> you can't go much lower than they are. they can clear the bar for expectations which is no shut down. and maybe get the approval ratings in the 10% range, double digits at some point. >> one of the things we've been watching is what the fed's going to do next. how much do you think the fed has been responsible for this. and if the tapering begins, is that really something that takes the steam out of the market? not if it's just based on valuations like you've been talking. >> i have not been of the view that fed-driven liquidity is the sole support under the market. we touched on it a few minutes ago, there are many traditional fundamental supports, not least being simple gdp growth. and the base from which we came classic epic market
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